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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

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The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

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A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


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entitlement

  • ashford
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19 Apr 12 #325041 by ashford
Topic started by ashford
Can some help me regarding what I am entitled in the separation contract we are trying to draw up.


hubby age 60 in July 2012
mine 57

married 36 years

my husband had moved out last year and is taking early retirement to go back to India where he has property and farm.

his retirement pension and lump sum is

hiis - lump sum. £40,000 and £16,000 pa.

mine - £852 when I retire. Still working.

House on joint names value at £350,00. Mortgage Amount left £45,000.

we both have own couple of bank/ isa accounts.

I would like to know what percentage of the house can I get as I work part time. Will not be able to get mortgage at my age and on my salary. Am I entitled to half his pension

three grown up kids. My son lives in the house with me.
thanks in advance

  • hadenoughnow
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19 Apr 12 #325093 by hadenoughnow
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Ashford,

What is the value of the property and farm in India? This will be counted as part of the marital pot.

To advise you more effectively we would need to know:

Value of other property

Your current income
Your pension CETV
Your projected retirement date

The amount of savings in sole and joint names.

The cost of a one-two bed property where you live.

How old is the son who lives with you. Is he working/able to pay rent?

Hadenoughnow

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